neighborworks capital loan announcements june 2015
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642015 NeighborWorks Capital Loan Announcements shy June 2015
httpus2campaignshyarchive1comu=7a3d73beb1409669ff3304037ampid=e706f59819ampe=[UNIQID] 15
Loan Announcements from NeighborWorks Capital
Helping make the vision of community a reality View this email in your browser
NeighborWorks Capital has already committed and closed 17 loans in2015 to 4 new and 9 returning customers We have been able to assistwith a variety of rental acquisition and preservation projects as well asthe acquisition of a shopping center The examples below each representthe flexible use of each of our loan products NeighborWorks New Horizons LOC Cabrillo ndash The Village Nevada HAND ndash Boulder Square Little Tokyo ndash Daimaru Hotel New Jersey Community Capital ndash Paulsboro Plaza FAHE ndash Midway Apartments
Customer Profile NeighborWorks New HorizonsProject Bridge Financing Line of Credit
This will be NCrsquos ninth loan to NeighborWorks NewHorizons (NWNH) This $1500000 bridge financingline of credit loan is being used to bridge fundingcommitments from the State of ConnecticutDepartment of Housing (DOH) and the ConnecticutHousing Finance Authority (CHFA) Funds will initiallybe utilized to support renovations to Ivy Street
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642015 NeighborWorks Capital Loan Announcements shy June 2015
httpus2campaignshyarchive1comu=7a3d73beb1409669ff3304037ampid=e706f59819ampe=[UNIQID] 25
Apartments and Hubbard Woods Apartments two projectscurrently owned by NWNH During the first 30months of the loan term NWNH will be able torevolve the line of credit for additional projects thatreceive financing commitments from DOH orCHFA in place
The properties serve a diverse population ndashelderly supportive housing mixedshyincome mixedshyuse and workforce housing Income levels vary from 25 to 110 of AMI Website httpwwwnwnhnet
Customer Profile Cabrillo Economic Development CorporationProject The Village
This will be NCrsquos 12th loan to CabrilloEconomic Development Corporation (CEDC)This $400000 predevelopment loan will be usedfor predevelopment expenses associated with thedevelopment of The Village Apartments aproposed 50shyunit new construction affordable
senior rental housing development in Buellton CA Proposed rents are affordable toseniors with incomes between 30 and 50 of Area Median Income
Website httpcabrilloedcorg
Customer Profile Nevada HAND Project Boulder Square Campus
This will be NCrsquos 5th loan to NevadaHAND Inc This $2915750 InterimDevelopment Loan will be used to financethe acquisition of 4315 Boulder Highwayin Las Vegas Nevada The site isintended to be developed into a 300shyunit
multifamily affordable housing complex built in phases using Low Income Housing TaxCredits as well as several community facilities including a branch of the Boys and GirlsClub of Southern Nevada The affordable housing is planned to be developed in two orthree phases with NCrsquos loan repaid in stages upon closing on each phase of
642015 NeighborWorks Capital Loan Announcements shy June 2015
httpus2campaignshyarchive1comu=7a3d73beb1409669ff3304037ampid=e706f59819ampe=[UNIQID] 35
constructionpermanent financing
The project will benefit lowshyincome families (primarily those with incomes below 50 ofAMI) who are priced out of the metro arearsquos increasingly expensive rental market andwill provide highshyquality new construction housing in an area with limited affordablehousing options
Website httpwwwnevadahandorg
Customer Profile Little Tokyo Service Center CDCProject Daimaru Hotel
This is NCrsquos first loan to Little Tokyo ServiceCenter CDC (LTSC) This $3064000 interimdevelopment loan will be used to purchase anexisting 4shystory operating mixedshyuse propertyconsisting of 48 SRO residential units and threecommercial units located in the Little Tokyoneighborhood of Los Angeles California TheProject known as Daimaru Hotel represents a
strategic acquisition by LTSC of an important property in the heart of Little Tokyo LTSCwill redevelop the property into 24 units of rental housing (on top three floors) whileretaining the commercial use on the first floor
LTSCrsquos affordable multishyfamily housing portfolio includes services for special needspopulations including transitional housing for survivors of domestic violence formerlyhomeless persons and mentally disabled adults
Website httpltscorg
Customer Profile New Jersey Community CapitalProject Paulsboro Plaza
This is NCrsquos 3rd loan with New JerseyCommunity Capital (NJCC) This $1589123constructionminishypermanent loan will be usedfor the redevelopment of the Paulsboro Plazashopping center in Paulsboro GloucesterCounty New Jersey The project is beingundertaken by CDIPshyPaulsboro Summit LP a
partnership of two forshyprofit companies LindsayshyOre LLC and Bancroft ConstructionCompany
642015 NeighborWorks Capital Loan Announcements shy June 2015
httpus2campaignshyarchive1comu=7a3d73beb1409669ff3304037ampid=e706f59819ampe=[UNIQID] 45
NJCC is strongly supportive of the project which is consistent with their social impactgoals and views the redevelopment of the shopping center as a critical step in revitalizingthe downtown business district of a community that is home to a large population of lowshyand moderateshyincome households The project also presents NJCC with an opportunityto expand their presence in southern New Jersey whereas most of their lendinghistorically has focused in central and northern parts of the State
Website httpwwwnewjerseycommunitycapitalorg
Customer Profile Federation of Appalachian Housing EnterprisesProject Midway Apartments
This is NCrsquos 2nd participation loan with leadlender Federation of Appalachian Housing Enterprises(FAHE) This $376800 mini permanent loan willrefinance Midway School Apartments a 24shyunitaffordable rental housing development for seniorslocated in Midway Kentucky The loan will be originatedand serviced by FAHE The loan will have a term of 7
years and a 30 year amortization schedule with a fixed interest rate of 575
Website httpwwwfaheorg
If you would like to schedule a meeting to discuss your financing needs orproject pipeline please contact
Ingrid Avots Senior Loan Officeriavotsneighborworkscapitalorg
Phone at 240shy821shy1651 ext 206 or 240shy595shy1561
or
Rob Hammock Senior Loan Officerrhammockneighborworkscapitalorg
Phone at 980shy207shy3797 or Mobile at 301shy887shy7889
642015 NeighborWorks Capital Loan Announcements shy June 2015
httpus2campaignshyarchive1comu=7a3d73beb1409669ff3304037ampid=e706f59819ampe=[UNIQID] 55
Visit us at wwwneighborworkscapitalorg
Our mailing address isNeighborWorks Capital8484 Georgia Avenue Suite 330Silver Spring MD 20910
Add us to your address bookunsubscribe from this list update subscription preferences
642015 NeighborWorks Capital Loan Announcements shy June 2015
httpus2campaignshyarchive1comu=7a3d73beb1409669ff3304037ampid=e706f59819ampe=[UNIQID] 25
Apartments and Hubbard Woods Apartments two projectscurrently owned by NWNH During the first 30months of the loan term NWNH will be able torevolve the line of credit for additional projects thatreceive financing commitments from DOH orCHFA in place
The properties serve a diverse population ndashelderly supportive housing mixedshyincome mixedshyuse and workforce housing Income levels vary from 25 to 110 of AMI Website httpwwwnwnhnet
Customer Profile Cabrillo Economic Development CorporationProject The Village
This will be NCrsquos 12th loan to CabrilloEconomic Development Corporation (CEDC)This $400000 predevelopment loan will be usedfor predevelopment expenses associated with thedevelopment of The Village Apartments aproposed 50shyunit new construction affordable
senior rental housing development in Buellton CA Proposed rents are affordable toseniors with incomes between 30 and 50 of Area Median Income
Website httpcabrilloedcorg
Customer Profile Nevada HAND Project Boulder Square Campus
This will be NCrsquos 5th loan to NevadaHAND Inc This $2915750 InterimDevelopment Loan will be used to financethe acquisition of 4315 Boulder Highwayin Las Vegas Nevada The site isintended to be developed into a 300shyunit
multifamily affordable housing complex built in phases using Low Income Housing TaxCredits as well as several community facilities including a branch of the Boys and GirlsClub of Southern Nevada The affordable housing is planned to be developed in two orthree phases with NCrsquos loan repaid in stages upon closing on each phase of
642015 NeighborWorks Capital Loan Announcements shy June 2015
httpus2campaignshyarchive1comu=7a3d73beb1409669ff3304037ampid=e706f59819ampe=[UNIQID] 35
constructionpermanent financing
The project will benefit lowshyincome families (primarily those with incomes below 50 ofAMI) who are priced out of the metro arearsquos increasingly expensive rental market andwill provide highshyquality new construction housing in an area with limited affordablehousing options
Website httpwwwnevadahandorg
Customer Profile Little Tokyo Service Center CDCProject Daimaru Hotel
This is NCrsquos first loan to Little Tokyo ServiceCenter CDC (LTSC) This $3064000 interimdevelopment loan will be used to purchase anexisting 4shystory operating mixedshyuse propertyconsisting of 48 SRO residential units and threecommercial units located in the Little Tokyoneighborhood of Los Angeles California TheProject known as Daimaru Hotel represents a
strategic acquisition by LTSC of an important property in the heart of Little Tokyo LTSCwill redevelop the property into 24 units of rental housing (on top three floors) whileretaining the commercial use on the first floor
LTSCrsquos affordable multishyfamily housing portfolio includes services for special needspopulations including transitional housing for survivors of domestic violence formerlyhomeless persons and mentally disabled adults
Website httpltscorg
Customer Profile New Jersey Community CapitalProject Paulsboro Plaza
This is NCrsquos 3rd loan with New JerseyCommunity Capital (NJCC) This $1589123constructionminishypermanent loan will be usedfor the redevelopment of the Paulsboro Plazashopping center in Paulsboro GloucesterCounty New Jersey The project is beingundertaken by CDIPshyPaulsboro Summit LP a
partnership of two forshyprofit companies LindsayshyOre LLC and Bancroft ConstructionCompany
642015 NeighborWorks Capital Loan Announcements shy June 2015
httpus2campaignshyarchive1comu=7a3d73beb1409669ff3304037ampid=e706f59819ampe=[UNIQID] 45
NJCC is strongly supportive of the project which is consistent with their social impactgoals and views the redevelopment of the shopping center as a critical step in revitalizingthe downtown business district of a community that is home to a large population of lowshyand moderateshyincome households The project also presents NJCC with an opportunityto expand their presence in southern New Jersey whereas most of their lendinghistorically has focused in central and northern parts of the State
Website httpwwwnewjerseycommunitycapitalorg
Customer Profile Federation of Appalachian Housing EnterprisesProject Midway Apartments
This is NCrsquos 2nd participation loan with leadlender Federation of Appalachian Housing Enterprises(FAHE) This $376800 mini permanent loan willrefinance Midway School Apartments a 24shyunitaffordable rental housing development for seniorslocated in Midway Kentucky The loan will be originatedand serviced by FAHE The loan will have a term of 7
years and a 30 year amortization schedule with a fixed interest rate of 575
Website httpwwwfaheorg
If you would like to schedule a meeting to discuss your financing needs orproject pipeline please contact
Ingrid Avots Senior Loan Officeriavotsneighborworkscapitalorg
Phone at 240shy821shy1651 ext 206 or 240shy595shy1561
or
Rob Hammock Senior Loan Officerrhammockneighborworkscapitalorg
Phone at 980shy207shy3797 or Mobile at 301shy887shy7889
642015 NeighborWorks Capital Loan Announcements shy June 2015
httpus2campaignshyarchive1comu=7a3d73beb1409669ff3304037ampid=e706f59819ampe=[UNIQID] 55
Visit us at wwwneighborworkscapitalorg
Our mailing address isNeighborWorks Capital8484 Georgia Avenue Suite 330Silver Spring MD 20910
Add us to your address bookunsubscribe from this list update subscription preferences
642015 NeighborWorks Capital Loan Announcements shy June 2015
httpus2campaignshyarchive1comu=7a3d73beb1409669ff3304037ampid=e706f59819ampe=[UNIQID] 35
constructionpermanent financing
The project will benefit lowshyincome families (primarily those with incomes below 50 ofAMI) who are priced out of the metro arearsquos increasingly expensive rental market andwill provide highshyquality new construction housing in an area with limited affordablehousing options
Website httpwwwnevadahandorg
Customer Profile Little Tokyo Service Center CDCProject Daimaru Hotel
This is NCrsquos first loan to Little Tokyo ServiceCenter CDC (LTSC) This $3064000 interimdevelopment loan will be used to purchase anexisting 4shystory operating mixedshyuse propertyconsisting of 48 SRO residential units and threecommercial units located in the Little Tokyoneighborhood of Los Angeles California TheProject known as Daimaru Hotel represents a
strategic acquisition by LTSC of an important property in the heart of Little Tokyo LTSCwill redevelop the property into 24 units of rental housing (on top three floors) whileretaining the commercial use on the first floor
LTSCrsquos affordable multishyfamily housing portfolio includes services for special needspopulations including transitional housing for survivors of domestic violence formerlyhomeless persons and mentally disabled adults
Website httpltscorg
Customer Profile New Jersey Community CapitalProject Paulsboro Plaza
This is NCrsquos 3rd loan with New JerseyCommunity Capital (NJCC) This $1589123constructionminishypermanent loan will be usedfor the redevelopment of the Paulsboro Plazashopping center in Paulsboro GloucesterCounty New Jersey The project is beingundertaken by CDIPshyPaulsboro Summit LP a
partnership of two forshyprofit companies LindsayshyOre LLC and Bancroft ConstructionCompany
642015 NeighborWorks Capital Loan Announcements shy June 2015
httpus2campaignshyarchive1comu=7a3d73beb1409669ff3304037ampid=e706f59819ampe=[UNIQID] 45
NJCC is strongly supportive of the project which is consistent with their social impactgoals and views the redevelopment of the shopping center as a critical step in revitalizingthe downtown business district of a community that is home to a large population of lowshyand moderateshyincome households The project also presents NJCC with an opportunityto expand their presence in southern New Jersey whereas most of their lendinghistorically has focused in central and northern parts of the State
Website httpwwwnewjerseycommunitycapitalorg
Customer Profile Federation of Appalachian Housing EnterprisesProject Midway Apartments
This is NCrsquos 2nd participation loan with leadlender Federation of Appalachian Housing Enterprises(FAHE) This $376800 mini permanent loan willrefinance Midway School Apartments a 24shyunitaffordable rental housing development for seniorslocated in Midway Kentucky The loan will be originatedand serviced by FAHE The loan will have a term of 7
years and a 30 year amortization schedule with a fixed interest rate of 575
Website httpwwwfaheorg
If you would like to schedule a meeting to discuss your financing needs orproject pipeline please contact
Ingrid Avots Senior Loan Officeriavotsneighborworkscapitalorg
Phone at 240shy821shy1651 ext 206 or 240shy595shy1561
or
Rob Hammock Senior Loan Officerrhammockneighborworkscapitalorg
Phone at 980shy207shy3797 or Mobile at 301shy887shy7889
642015 NeighborWorks Capital Loan Announcements shy June 2015
httpus2campaignshyarchive1comu=7a3d73beb1409669ff3304037ampid=e706f59819ampe=[UNIQID] 55
Visit us at wwwneighborworkscapitalorg
Our mailing address isNeighborWorks Capital8484 Georgia Avenue Suite 330Silver Spring MD 20910
Add us to your address bookunsubscribe from this list update subscription preferences
642015 NeighborWorks Capital Loan Announcements shy June 2015
httpus2campaignshyarchive1comu=7a3d73beb1409669ff3304037ampid=e706f59819ampe=[UNIQID] 45
NJCC is strongly supportive of the project which is consistent with their social impactgoals and views the redevelopment of the shopping center as a critical step in revitalizingthe downtown business district of a community that is home to a large population of lowshyand moderateshyincome households The project also presents NJCC with an opportunityto expand their presence in southern New Jersey whereas most of their lendinghistorically has focused in central and northern parts of the State
Website httpwwwnewjerseycommunitycapitalorg
Customer Profile Federation of Appalachian Housing EnterprisesProject Midway Apartments
This is NCrsquos 2nd participation loan with leadlender Federation of Appalachian Housing Enterprises(FAHE) This $376800 mini permanent loan willrefinance Midway School Apartments a 24shyunitaffordable rental housing development for seniorslocated in Midway Kentucky The loan will be originatedand serviced by FAHE The loan will have a term of 7
years and a 30 year amortization schedule with a fixed interest rate of 575
Website httpwwwfaheorg
If you would like to schedule a meeting to discuss your financing needs orproject pipeline please contact
Ingrid Avots Senior Loan Officeriavotsneighborworkscapitalorg
Phone at 240shy821shy1651 ext 206 or 240shy595shy1561
or
Rob Hammock Senior Loan Officerrhammockneighborworkscapitalorg
Phone at 980shy207shy3797 or Mobile at 301shy887shy7889
642015 NeighborWorks Capital Loan Announcements shy June 2015
httpus2campaignshyarchive1comu=7a3d73beb1409669ff3304037ampid=e706f59819ampe=[UNIQID] 55
Visit us at wwwneighborworkscapitalorg
Our mailing address isNeighborWorks Capital8484 Georgia Avenue Suite 330Silver Spring MD 20910
Add us to your address bookunsubscribe from this list update subscription preferences
642015 NeighborWorks Capital Loan Announcements shy June 2015
httpus2campaignshyarchive1comu=7a3d73beb1409669ff3304037ampid=e706f59819ampe=[UNIQID] 55
Visit us at wwwneighborworkscapitalorg
Our mailing address isNeighborWorks Capital8484 Georgia Avenue Suite 330Silver Spring MD 20910
Add us to your address bookunsubscribe from this list update subscription preferences